At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.
The Spider's Web was written, directed and produced by MichaelOswald, you can sponsor his future films on Patreon: https://www.patreon.com/independentdocumentary
Share this documentary with your friends, and ask sites to feature it:
https://twitter.com/spiderswebfilm
https://www.facebook.com/Spiderswebfilm/
https://www.imdb.com/title/tt6483026/
The Spider's Web was substantially inspired by Nicholas Shaxson's book Treasure Islands you can read an extract of it here: https://www.theguardian.com/theguardian/2011/jan/08/jersey-tax-haven-nicholas-shaxson
Translate this documentary here on youtube or contact us for the .srt file info@queuepolitely.com
For those interested to learn more about tax justice and financial secrecy, read about the Tax Justice Network's campaigning and regular blogs - become part of the movement for change and listen to the Tax Justice Network's monthly podcast/radio show the Taxcast https://www.taxjustice.net/taxcast/
Review on Filmotomy: https://filmotomy.com/the-spiders-web-britains-second-empire/
Review on Open Democracy: https://www.opendemocracy.net/neweconomics/film-review-spiders-web-britains-second-empire/
Website: www.spiderswebfilm.com
GermanVersion: https://youtu.be/1ZZR8vBKqwc
Spanish Version: https://www.youtube.com/watch?v=85dsTnbhchc
French Version: https://www.youtube.com/watch?v=hizj_6EH34M
Italian Version: https://www.youtube.com/watch?v=VwmvXLamkto&t=1s
Subtitles: French, Spanish, German, Italian, Russian, Arabic, Korean, Hungarian, English, Turkish, Portugese.

published:14 Sep 2018

views:966650

The devastation of the Great War was just a single disaster in a row of setbacks that France met in the first half of XX century. The territorial and financial reparations of the Schönbrunn treaty nearly emptied the wallets of ordinary Frenchmen. Moreover, the government claimed that this was a "nessesary evil", as the German Empire promised to help Paris rebuild the country in exchange. The assistance, however, did not come neither in a year nor in a decade, while the neverending collapse of the French economy was throwing the people of France into misery and poverty each month, each week and each day. Obviously, it led to the population losing any confidence and trust to the Third Republic and the rise of marginal groups of anarchists, nationalists and socialists, which sought to take France out of crisis immediately. The last drop was the Wall Street crash of 1929 and the following Great Depression. The Third Republic was, besides the U. S., one of the most badly hurt countries; less than in three months the power thoughout the whole state was seized by the "national socialist" Popular Party in a coup d'état, while the former government fled to the colonies. The Populists immediately denounced the Schönbrunn treaty, declined to pay a single sous to Germany and proclaimed its plans to restore "Greater France". In first years, the French perceived the sudden political shift with euphoria; but nowadays in 1936 it seems that, with objectively incompetent economical policies and incredibly worsened relations with all neighbours except Britain, along with exiled governments of the UK and the IIIRepublic slowly preparing to regain the Lost Homelands, the overwhelming support of the PPF starts declining...
Debout, les damnés de la terre
Debout, les forçats de la faim
La raison tonne en son cratère
C'est l'éruption de la fin
Du passé faisons table rase
Foule esclave, debout, debout
Le monde va changer de base
Nous ne sommes rien, soyons tout
C'est la lutte finale
Groupons-nous, et demain
L'InternationaleSera le genre humain.

Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it takes" commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf

published:13 May 2014

views:95092

The GermanSparkassen (savings banks) look back at an unprecedented history: Founded some 200 years ago as microfinance institutions for low-income earners, they have since then grown into one of the largest financial groups in the world. The Sparkassenstiftung für internationale Kooperation (Savings BanksFoundation for International Cooperation) pursues the goal of making the knowledge and expertise of the German Sparkassen-Finanzgruppe (Savings Banks FinanceGroup) available to developing countries and emerging economies. But what are the pillars of success and what exactly is Sparkasse all about? Sparkassenstiftung's new film gives answers to these questions in a simple and descriptive way.

Cash Flow (comics)

Cash Flow is an Uncle Scrooge-adventure comic written and drawn by Don Rosa from 1987 and first of his stories where the Beagle Boys appeared. Like some others comic stories by Don Rosa (such as A Matter of Some Gravity and The Universal Solvent) that story is founded in toying with laws of nature. Rosa thinks that he has got ideas for those comics from mechanical engineering course of institute of higher education, which he took before he became to professional cartoonist.

Plot

To make their chores to rob the Money bin easier, the Beagle Boys acquire an anti-inertia and anti-friction beam pistols from the foolish cabbage professor who invented the petrifying beam. Next, they march to the Money bin and evade all obstacles with their beam pistol, including a barbed-wire fence, dogs, portcullis, automatically triggered machine gun nests and cannonballs. They advance in that way as far as towards the strongroom.

There Scrooge snatches the anti-friction pistol and fires it at the money, making it behave essentially as a liquid. The Beagle Boys are disappointed when they find that the money masses are too slippery to carry. They tie up the ducks, leave the beam pistols and go out to punch holes in the wall of the Money bin. At that time Ducks exploit the situation and they free themselves from the ropes with the help of the beam pistols. Scrooge hurries to the roof terrace and shoots anti-inertia at the tools of the rascals, so that they have no effect on the bin wall.

Cash flow statement

In financial accounting, a cash flow statement, also known as statement of cash flows, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities. Essentially, the cash flow statement is concerned with the flow of cash in and out of the business. The statement captures both the current operating results and the accompanying changes in the balance sheet. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills. International Accounting Standard 7 (IAS 7), is the International Accounting Standard that deals with cash flow statements.

People and groups interested in cash flow statements include:

Accounting personnel, who need to know whether the organization will be able to cover payroll and other immediate expenses

Potential lenders or creditors, who want a clear picture of a company's ability to repay

Business administration

The administration of a business includes the performance or management of business operations and decision making, as well as the efficient organization of people and other resources, to direct activities toward common goals and objectives.

A standard company balance sheet has three parts: assets, liabilities, and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities.

Income statement

An income statement (US English) or profit and loss account (UK English) (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues (money received from the sale of products and services before expenses are taken out, also known as the “top line”) are transformed into the net income (the result after all revenues and expenses have been accounted for, also known as “net profit” or the “bottom line”). It displays the revenues recognized for a specific
period, and the cost and expenses charged against these revenues, including write-offs (e.g., depreciation and amortization of various assets) and taxes. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.

Plot

The film centers on young right-wing Leutnant (lieutenant) Theodor Lohse (Ulrich Mühe) who suffers personal and national humiliation during the downfall of the German Empire and the subsequent German Revolution of 1918 as the aftermath of World War I, from whence on he pledges revenge on all those he blames for the new times: Democrats, socialists, and Jews. Thus, he becomes increasingly active in the right-wing underground of the early Weimar Republic, joining an organization called "S II" (probably based on real-life Organisation Consul that was responsible for a number of political and anti-Semitic assassinations) where his immediate superior is Baron von Rastchuk (Armin Mueller-Stahl). Baron von Rastchuk brings Lohse in contact with Prince Heinrich in order to get Lohse employed, a favor for which the homosexual Prince demands one-time bodily obligingness from Lohse. In spite of his apparent shock and disgust, Lohse yields to the Prince out of his opportunism and willingness to please his superiors.

Spider's Web (play)

Background

Spider's Web was written at the request of its star, Margaret Lockwood, whose main body of work was in films and who had never appeared in a West End production aside from Peter Pan. In 1953, Lockwood asked her agent, Herbert de Leon, to speak with Peter Saunders, who was the main producer of Christie's work on the stage after the successes of The Hollow and The Mousetrap, and see if Christie would be interested in writing a play for her.

Saunders arranged a meeting between Christie and Lockwood at the Mirabelle restaurant. During the conversation, Lockwood requested that she didn't play a sinister or wicked part again (for which she was well known) but a role in a "comedy thriller". She also requested a part for Wilfrid Hyde-White who she wanted to act with and who was also on the books of de Leon. In the event, although the part was written, Hyde-White declined the role and Felix Aylmer was cast instead.

The Spider's Web: Britain's Second Empire (Documentary)

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.
The Spider's Web was written, directed and produced by MichaelOswald, you can sponsor his future films on Patreon: https://www.patreon.com/independentdocumentary
Share this documentary with your friends, and ask sites to feature it:
https://twitter.com/spiderswebfilm
https://www.facebook.com/Spiderswebfilm/
https://www.imdb.com/title/tt6483026/
The Spider's Web was substantially inspired by Nicholas Shaxson's book Treasure Islands you can read an extract of it here: https://www.theguardian.com/theguardian/2011/jan/08/jersey-tax-haven-nicholas-shaxson
Translate this documentary here on youtube or contact us for the .srt file info@queuepolitely.com
For those interested to learn more about tax justice and financial secrecy, read about the Tax Justice Network's campaigning and regular blogs - become part of the movement for change and listen to the Tax Justice Network's monthly podcast/radio show the Taxcast https://www.taxjustice.net/taxcast/
Review on Filmotomy: https://filmotomy.com/the-spiders-web-britains-second-empire/
Review on Open Democracy: https://www.opendemocracy.net/neweconomics/film-review-spiders-web-britains-second-empire/
Website: www.spiderswebfilm.com
GermanVersion: https://youtu.be/1ZZR8vBKqwc
Spanish Version: https://www.youtube.com/watch?v=85dsTnbhchc
French Version: https://www.youtube.com/watch?v=hizj_6EH34M
Italian Version: https://www.youtube.com/watch?v=VwmvXLamkto&t=1s
Subtitles: French, Spanish, German, Italian, Russian, Arabic, Korean, Hungarian, English, Turkish, Portugese.

1:24

"L'Internationale" - Anthem of the French National State [Der Sammelnde Sturm]

"L'Internationale" - Anthem of the French National State [Der Sammelnde Sturm]

"L'Internationale" - Anthem of the French National State [Der Sammelnde Sturm]

The devastation of the Great War was just a single disaster in a row of setbacks that France met in the first half of XX century. The territorial and financial reparations of the Schönbrunn treaty nearly emptied the wallets of ordinary Frenchmen. Moreover, the government claimed that this was a "nessesary evil", as the German Empire promised to help Paris rebuild the country in exchange. The assistance, however, did not come neither in a year nor in a decade, while the neverending collapse of the French economy was throwing the people of France into misery and poverty each month, each week and each day. Obviously, it led to the population losing any confidence and trust to the Third Republic and the rise of marginal groups of anarchists, nationalists and socialists, which sought to take France out of crisis immediately. The last drop was the Wall Street crash of 1929 and the following Great Depression. The Third Republic was, besides the U. S., one of the most badly hurt countries; less than in three months the power thoughout the whole state was seized by the "national socialist" Popular Party in a coup d'état, while the former government fled to the colonies. The Populists immediately denounced the Schönbrunn treaty, declined to pay a single sous to Germany and proclaimed its plans to restore "Greater France". In first years, the French perceived the sudden political shift with euphoria; but nowadays in 1936 it seems that, with objectively incompetent economical policies and incredibly worsened relations with all neighbours except Britain, along with exiled governments of the UK and the IIIRepublic slowly preparing to regain the Lost Homelands, the overwhelming support of the PPF starts declining...
Debout, les damnés de la terre
Debout, les forçats de la faim
La raison tonne en son cratère
C'est l'éruption de la fin
Du passé faisons table rase
Foule esclave, debout, debout
Le monde va changer de base
Nous ne sommes rien, soyons tout
C'est la lutte finale
Groupons-nous, et demain
L'InternationaleSera le genre humain.

Introduction to International Finance

A provocative way to finance the fight against climate change | Michael Metcalfe

A provocative way to finance the fight against climate change | Michael Metcalfe

A provocative way to finance the fight against climate change | Michael Metcalfe

Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it takes" commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

US GAAP vs. IFRS on the Financial Statements

You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf

3:34

Sparkasse: What's different?

Sparkasse: What's different?

Sparkasse: What's different?

The GermanSparkassen (savings banks) look back at an unprecedented history: Founded some 200 years ago as microfinance institutions for low-income earners, they have since then grown into one of the largest financial groups in the world. The Sparkassenstiftung für internationale Kooperation (Savings BanksFoundation for International Cooperation) pursues the goal of making the knowledge and expertise of the German Sparkassen-Finanzgruppe (Savings Banks FinanceGroup) available to developing countries and emerging economies. But what are the pillars of success and what exactly is Sparkasse all about? Sparkassenstiftung's new film gives answers to these questions in a simple and descriptive way.

Overview of International Financial Reporting Standard (IFRS)

The Spider's Web: Britain's Second Empire (Documentary)

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.
The Spider's Web was written, directed and produced by MichaelOswald, you can sponsor his future films on Patreon: https://www.patreon.com/independentdocumentary
Share this documentary with your friends, and ask sites to feature it:
https://twitter.com/spiderswebfilm
https://www.facebook.com/Spiderswebfilm/
https://www.imdb.com/title/tt6483026/
The Spider's Web was substantially inspired by Nicholas Shaxson's book Treasure Is...

published: 14 Sep 2018

"L'Internationale" - Anthem of the French National State [Der Sammelnde Sturm]

The devastation of the Great War was just a single disaster in a row of setbacks that France met in the first half of XX century. The territorial and financial reparations of the Schönbrunn treaty nearly emptied the wallets of ordinary Frenchmen. Moreover, the government claimed that this was a "nessesary evil", as the German Empire promised to help Paris rebuild the country in exchange. The assistance, however, did not come neither in a year nor in a decade, while the neverending collapse of the French economy was throwing the people of France into misery and poverty each month, each week and each day. Obviously, it led to the population losing any confidence and trust to the Third Republic and the rise of marginal groups of anarchists, nationalists and socialists, which sought to take Fr...

published: 31 Jul 2018

Introduction to International Finance

A provocative way to finance the fight against climate change | Michael Metcalfe

Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it takes" commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captio...

Sparkasse: What's different?

The GermanSparkassen (savings banks) look back at an unprecedented history: Founded some 200 years ago as microfinance institutions for low-income earners, they have since then grown into one of the largest financial groups in the world. The Sparkassenstiftung für internationale Kooperation (Savings BanksFoundation for International Cooperation) pursues the goal of making the knowledge and expertise of the German Sparkassen-Finanzgruppe (Savings Banks FinanceGroup) available to developing countries and emerging economies. But what are the pillars of success and what exactly is Sparkasse all about? Sparkassenstiftung's new film gives answers to these questions in a simple and descriptive way.

The Spider's Web: Britain's Second Empire (Documentary)

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a we...

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.
The Spider's Web was written, directed and produced by MichaelOswald, you can sponsor his future films on Patreon: https://www.patreon.com/independentdocumentary
Share this documentary with your friends, and ask sites to feature it:
https://twitter.com/spiderswebfilm
https://www.facebook.com/Spiderswebfilm/
https://www.imdb.com/title/tt6483026/
The Spider's Web was substantially inspired by Nicholas Shaxson's book Treasure Islands you can read an extract of it here: https://www.theguardian.com/theguardian/2011/jan/08/jersey-tax-haven-nicholas-shaxson
Translate this documentary here on youtube or contact us for the .srt file info@queuepolitely.com
For those interested to learn more about tax justice and financial secrecy, read about the Tax Justice Network's campaigning and regular blogs - become part of the movement for change and listen to the Tax Justice Network's monthly podcast/radio show the Taxcast https://www.taxjustice.net/taxcast/
Review on Filmotomy: https://filmotomy.com/the-spiders-web-britains-second-empire/
Review on Open Democracy: https://www.opendemocracy.net/neweconomics/film-review-spiders-web-britains-second-empire/
Website: www.spiderswebfilm.com
GermanVersion: https://youtu.be/1ZZR8vBKqwc
Spanish Version: https://www.youtube.com/watch?v=85dsTnbhchc
French Version: https://www.youtube.com/watch?v=hizj_6EH34M
Italian Version: https://www.youtube.com/watch?v=VwmvXLamkto&t=1s
Subtitles: French, Spanish, German, Italian, Russian, Arabic, Korean, Hungarian, English, Turkish, Portugese.

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.
The Spider's Web was written, directed and produced by MichaelOswald, you can sponsor his future films on Patreon: https://www.patreon.com/independentdocumentary
Share this documentary with your friends, and ask sites to feature it:
https://twitter.com/spiderswebfilm
https://www.facebook.com/Spiderswebfilm/
https://www.imdb.com/title/tt6483026/
The Spider's Web was substantially inspired by Nicholas Shaxson's book Treasure Islands you can read an extract of it here: https://www.theguardian.com/theguardian/2011/jan/08/jersey-tax-haven-nicholas-shaxson
Translate this documentary here on youtube or contact us for the .srt file info@queuepolitely.com
For those interested to learn more about tax justice and financial secrecy, read about the Tax Justice Network's campaigning and regular blogs - become part of the movement for change and listen to the Tax Justice Network's monthly podcast/radio show the Taxcast https://www.taxjustice.net/taxcast/
Review on Filmotomy: https://filmotomy.com/the-spiders-web-britains-second-empire/
Review on Open Democracy: https://www.opendemocracy.net/neweconomics/film-review-spiders-web-britains-second-empire/
Website: www.spiderswebfilm.com
GermanVersion: https://youtu.be/1ZZR8vBKqwc
Spanish Version: https://www.youtube.com/watch?v=85dsTnbhchc
French Version: https://www.youtube.com/watch?v=hizj_6EH34M
Italian Version: https://www.youtube.com/watch?v=VwmvXLamkto&t=1s
Subtitles: French, Spanish, German, Italian, Russian, Arabic, Korean, Hungarian, English, Turkish, Portugese.

"L'Internationale" - Anthem of the French National State [Der Sammelnde Sturm]

The devastation of the Great War was just a single disaster in a row of setbacks that France met in the first half of XX century. The territorial and financial ...

The devastation of the Great War was just a single disaster in a row of setbacks that France met in the first half of XX century. The territorial and financial reparations of the Schönbrunn treaty nearly emptied the wallets of ordinary Frenchmen. Moreover, the government claimed that this was a "nessesary evil", as the German Empire promised to help Paris rebuild the country in exchange. The assistance, however, did not come neither in a year nor in a decade, while the neverending collapse of the French economy was throwing the people of France into misery and poverty each month, each week and each day. Obviously, it led to the population losing any confidence and trust to the Third Republic and the rise of marginal groups of anarchists, nationalists and socialists, which sought to take France out of crisis immediately. The last drop was the Wall Street crash of 1929 and the following Great Depression. The Third Republic was, besides the U. S., one of the most badly hurt countries; less than in three months the power thoughout the whole state was seized by the "national socialist" Popular Party in a coup d'état, while the former government fled to the colonies. The Populists immediately denounced the Schönbrunn treaty, declined to pay a single sous to Germany and proclaimed its plans to restore "Greater France". In first years, the French perceived the sudden political shift with euphoria; but nowadays in 1936 it seems that, with objectively incompetent economical policies and incredibly worsened relations with all neighbours except Britain, along with exiled governments of the UK and the IIIRepublic slowly preparing to regain the Lost Homelands, the overwhelming support of the PPF starts declining...
Debout, les damnés de la terre
Debout, les forçats de la faim
La raison tonne en son cratère
C'est l'éruption de la fin
Du passé faisons table rase
Foule esclave, debout, debout
Le monde va changer de base
Nous ne sommes rien, soyons tout
C'est la lutte finale
Groupons-nous, et demain
L'InternationaleSera le genre humain.

The devastation of the Great War was just a single disaster in a row of setbacks that France met in the first half of XX century. The territorial and financial reparations of the Schönbrunn treaty nearly emptied the wallets of ordinary Frenchmen. Moreover, the government claimed that this was a "nessesary evil", as the German Empire promised to help Paris rebuild the country in exchange. The assistance, however, did not come neither in a year nor in a decade, while the neverending collapse of the French economy was throwing the people of France into misery and poverty each month, each week and each day. Obviously, it led to the population losing any confidence and trust to the Third Republic and the rise of marginal groups of anarchists, nationalists and socialists, which sought to take France out of crisis immediately. The last drop was the Wall Street crash of 1929 and the following Great Depression. The Third Republic was, besides the U. S., one of the most badly hurt countries; less than in three months the power thoughout the whole state was seized by the "national socialist" Popular Party in a coup d'état, while the former government fled to the colonies. The Populists immediately denounced the Schönbrunn treaty, declined to pay a single sous to Germany and proclaimed its plans to restore "Greater France". In first years, the French perceived the sudden political shift with euphoria; but nowadays in 1936 it seems that, with objectively incompetent economical policies and incredibly worsened relations with all neighbours except Britain, along with exiled governments of the UK and the IIIRepublic slowly preparing to regain the Lost Homelands, the overwhelming support of the PPF starts declining...
Debout, les damnés de la terre
Debout, les forçats de la faim
La raison tonne en son cratère
C'est l'éruption de la fin
Du passé faisons table rase
Foule esclave, debout, debout
Le monde va changer de base
Nous ne sommes rien, soyons tout
C'est la lutte finale
Groupons-nous, et demain
L'InternationaleSera le genre humain.

A provocative way to finance the fight against climate change | Michael Metcalfe

Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it t...

Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it takes" commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it takes" commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf

You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf

Sparkasse: What's different?

The GermanSparkassen (savings banks) look back at an unprecedented history: Founded some 200 years ago as microfinance institutions for low-income earners, the...

The GermanSparkassen (savings banks) look back at an unprecedented history: Founded some 200 years ago as microfinance institutions for low-income earners, they have since then grown into one of the largest financial groups in the world. The Sparkassenstiftung für internationale Kooperation (Savings BanksFoundation for International Cooperation) pursues the goal of making the knowledge and expertise of the German Sparkassen-Finanzgruppe (Savings Banks FinanceGroup) available to developing countries and emerging economies. But what are the pillars of success and what exactly is Sparkasse all about? Sparkassenstiftung's new film gives answers to these questions in a simple and descriptive way.

The GermanSparkassen (savings banks) look back at an unprecedented history: Founded some 200 years ago as microfinance institutions for low-income earners, they have since then grown into one of the largest financial groups in the world. The Sparkassenstiftung für internationale Kooperation (Savings BanksFoundation for International Cooperation) pursues the goal of making the knowledge and expertise of the German Sparkassen-Finanzgruppe (Savings Banks FinanceGroup) available to developing countries and emerging economies. But what are the pillars of success and what exactly is Sparkasse all about? Sparkassenstiftung's new film gives answers to these questions in a simple and descriptive way.

The Spider's Web: Britain's Second Empire (Documentary)

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.
The Spider's Web was written, directed and produced by MichaelOswald, you can sponsor his future films on Patreon: https://www.patreon.com/independentdocumentary
Share this documentary with your friends, and ask sites to feature it:
https://twitter.com/spiderswebfilm
https://www.facebook.com/Spiderswebfilm/
https://www.imdb.com/title/tt6483026/
The Spider's Web was substantially inspired by Nicholas Shaxson's book Treasure Islands you can read an extract of it here: https://www.theguardian.com/theguardian/2011/jan/08/jersey-tax-haven-nicholas-shaxson
Translate this documentary here on youtube or contact us for the .srt file info@queuepolitely.com
For those interested to learn more about tax justice and financial secrecy, read about the Tax Justice Network's campaigning and regular blogs - become part of the movement for change and listen to the Tax Justice Network's monthly podcast/radio show the Taxcast https://www.taxjustice.net/taxcast/
Review on Filmotomy: https://filmotomy.com/the-spiders-web-britains-second-empire/
Review on Open Democracy: https://www.opendemocracy.net/neweconomics/film-review-spiders-web-britains-second-empire/
Website: www.spiderswebfilm.com
GermanVersion: https://youtu.be/1ZZR8vBKqwc
Spanish Version: https://www.youtube.com/watch?v=85dsTnbhchc
French Version: https://www.youtube.com/watch?v=hizj_6EH34M
Italian Version: https://www.youtube.com/watch?v=VwmvXLamkto&t=1s
Subtitles: French, Spanish, German, Italian, Russian, Arabic, Korean, Hungarian, English, Turkish, Portugese.

"L'Internationale" - Anthem of the French National State [Der Sammelnde Sturm]

The devastation of the Great War was just a single disaster in a row of setbacks that France met in the first half of XX century. The territorial and financial reparations of the Schönbrunn treaty nearly emptied the wallets of ordinary Frenchmen. Moreover, the government claimed that this was a "nessesary evil", as the German Empire promised to help Paris rebuild the country in exchange. The assistance, however, did not come neither in a year nor in a decade, while the neverending collapse of the French economy was throwing the people of France into misery and poverty each month, each week and each day. Obviously, it led to the population losing any confidence and trust to the Third Republic and the rise of marginal groups of anarchists, nationalists and socialists, which sought to take France out of crisis immediately. The last drop was the Wall Street crash of 1929 and the following Great Depression. The Third Republic was, besides the U. S., one of the most badly hurt countries; less than in three months the power thoughout the whole state was seized by the "national socialist" Popular Party in a coup d'état, while the former government fled to the colonies. The Populists immediately denounced the Schönbrunn treaty, declined to pay a single sous to Germany and proclaimed its plans to restore "Greater France". In first years, the French perceived the sudden political shift with euphoria; but nowadays in 1936 it seems that, with objectively incompetent economical policies and incredibly worsened relations with all neighbours except Britain, along with exiled governments of the UK and the IIIRepublic slowly preparing to regain the Lost Homelands, the overwhelming support of the PPF starts declining...
Debout, les damnés de la terre
Debout, les forçats de la faim
La raison tonne en son cratère
C'est l'éruption de la fin
Du passé faisons table rase
Foule esclave, debout, debout
Le monde va changer de base
Nous ne sommes rien, soyons tout
C'est la lutte finale
Groupons-nous, et demain
L'InternationaleSera le genre humain.

A provocative way to finance the fight against climate change | Michael Metcalfe

Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it takes" commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

US GAAP vs. IFRS on the Financial Statements

You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf

Sparkasse: What's different?

The GermanSparkassen (savings banks) look back at an unprecedented history: Founded some 200 years ago as microfinance institutions for low-income earners, they have since then grown into one of the largest financial groups in the world. The Sparkassenstiftung für internationale Kooperation (Savings BanksFoundation for International Cooperation) pursues the goal of making the knowledge and expertise of the German Sparkassen-Finanzgruppe (Savings Banks FinanceGroup) available to developing countries and emerging economies. But what are the pillars of success and what exactly is Sparkasse all about? Sparkassenstiftung's new film gives answers to these questions in a simple and descriptive way.

Cash Flow (comics)

Cash Flow is an Uncle Scrooge-adventure comic written and drawn by Don Rosa from 1987 and first of his stories where the Beagle Boys appeared. Like some others comic stories by Don Rosa (such as A Matter of Some Gravity and The Universal Solvent) that story is founded in toying with laws of nature. Rosa thinks that he has got ideas for those comics from mechanical engineering course of institute of higher education, which he took before he became to professional cartoonist.

Plot

To make their chores to rob the Money bin easier, the Beagle Boys acquire an anti-inertia and anti-friction beam pistols from the foolish cabbage professor who invented the petrifying beam. Next, they march to the Money bin and evade all obstacles with their beam pistol, including a barbed-wire fence, dogs, portcullis, automatically triggered machine gun nests and cannonballs. They advance in that way as far as towards the strongroom.

There Scrooge snatches the anti-friction pistol and fires it at the money, making it behave essentially as a liquid. The Beagle Boys are disappointed when they find that the money masses are too slippery to carry. They tie up the ducks, leave the beam pistols and go out to punch holes in the wall of the Money bin. At that time Ducks exploit the situation and they free themselves from the ropes with the help of the beam pistols. Scrooge hurries to the roof terrace and shoots anti-inertia at the tools of the rascals, so that they have no effect on the bin wall.